The report finds that the monthly percent changes show the peak rate of gain in home prices was last April. "Since then home prices continued to rise, but at a slower pace each month."

Analysts have warned for some time that the pace of home price growth would slow.

Here's a look at the annual returns of the 10-city and the 20-city composite home price indices:

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SEE ALSO: Deep-Pocketed Institutions And All-Cash Buyers Are Driving The Housing Market

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